Jane Street Group LLC Reduces Stake in Amplify Mobile Payments ETF

Jane Street Group LLC has significantly reduced its investment in the Amplify Mobile Payments ETF (NYSEARCA:IPAY) by 77.5% in the third quarter, according to a report from HoldingsChannel. After selling 41,450 shares during this period, the firm now holds 12,044 shares of the ETF. As of the latest reporting, Jane Street Group’s investment in the Amplify Mobile Payments ETF is valued at approximately $630,000.

In addition to Jane Street Group's activity, several other institutional investors have also made adjustments to their positions in the Amplify Mobile Payments ETF recently. Northwestern Mutual Wealth Management Company increased its holdings in the ETF by an impressive 5,370.0% during the second quarter, bringing its total to 547 shares, which are worth around $26,000 after acquiring an additional 537 shares in the last quarter. SouthState Corporation entered the market with an investment in the ETF during the second quarter valued at approximately $28,000.

Furthermore, FMR LLC raised its stake in the Amplify ETF by 61.6% in the third quarter, now owning 787 shares valued at about $41,000 after purchasing an additional 300 shares. Blair William & Co. IL also increased its holdings by 57.6% in the second quarter, ultimately holding 6,486 shares worth $303,000 following an acquisition of 2,371 shares. Lastly, Florin Court Capital LLP took a new position in the ETF in the third quarter, investing roughly $1,403,000.

Performance of Amplify Mobile Payments ETF

The Amplify Mobile Payments ETF (IPAY) opened at $59.27 on the last trading day. Over the past year, the ETF has experienced a low of $44.11 and a high of $62.08. Currently, the firm has a market capitalization of $385.26 million, a price-to-earnings ratio of 24.11, and a beta of 1.32. The 50-day moving average price stands at $59.05, while the two-hundred day moving average is $53.10.

About the Amplify Mobile Payments ETF

The ETFMG Prime Mobile Payments ETF (IPAY) is an exchange-traded fund designed to track an index focused on global equities within the mobile payments sector. This includes credit card companies and firms that offer payment infrastructure, services, processing, and solutions. The ETF was launched on July 15, 2015, and is managed by ETF Managers Group.

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